Yes, absolutely. It is a step in the right direction.
Now, the word “appropriate” remains to be defined. It could have been a more decisive word, like “significant”, for example. If we base it only on the proportion of Canadians who are francophones, as is the case for current funding of French-language productions, it means less money for them. This has an impact on working conditions, which are not as appealing for francophones.
So the word “appropriate” still needs to be defined.